Burr Ridge proposed 2023-24 budget likely sees lower taxes

The Burr Ridge mayor and board of trustees got their first glimpse Oct. 25 at the likely community taxes and, essentially, they should be slightly lower than in years past.

While the board will not adopt its budget until sometime in December, Finance Consultant Annmarie Mampe introduced what’s likely to be the town’s tax rate and, if all goes as planned, residents shouldn’t expect any surprises for fiscal year 2023-2024.

“The tax revenue and payment won’t change from 2021,” Mampe said. “On average, the tax payer will pay a little bit less than they did last year, though I can’t tell you exactly what that is yet.”

The final details of the fiscal plan will be hammered out in the months coming, though she made a note that, as always, village taxes are the smallest taxes paid by area residents. Even with the tax rate remaining low, the town is figuring on paying a bit more into the police pension fund — putting the community within the state’s optimal guidelines for funding.

“Our tax rate, with the exception of Oak Grove, which does not levy taxes, is one of the lowest in the surrounding communities,” she said.

The board approved the proposal which, while not the final form of the tax plan, should set some expectations on what is to come and which should allay any fears of tax hikes — at least at the community level.

Members of the board of trustees offered their praise.

“Great job,” said Trustee Anita Mital. “I think the Village of Burr Ridge is doing very well and I like the fact that we’re putting extra in the police pension fund.”

“It’s great news,” said Trustee Russ Smith. Smith, long a critic of budget excess, said he liked the looks of the budget for next year and offered taking a look toward future spending in the 2026-2027 fiscal year budget with other trustees in order to further ensure fiscal propriety.

The mayor seemed to like that idea.

“I certainly have no problem with planning, and if trustees want to devote a little bit more of their time, I certainly have no problem with your premise,” Mayor Gary Grasso said. “Some advance planning is certainly appropriate.”

Burr Ridge Mayor Gary Grasso talks next fiscal year's budget at the Burr Ridge meeting on Oct. 25.

The mayor noted, however, only two trustees could meet together at once without risking a violation of the public meeting laws, which require public notice. In other words, only two trustees will get to plan future budgets in private though the entire board will still discuss and debate anything prior to approval.

Grasso said he believed the town could achieve maximum police pension financing without too much difficulty.

“You don’t want to be over 90 %, but you do want to be over 70 %, so we’re well within striking distance of being optimal,” Grasso said.

He closed the meeting by reminding residents that the town’s taxes represented some two % of property tax — a pittance compared to the schools and fire services.

“When people say taxes are high, they’re not talking about the village of Burr Ridge,” Grasso said.

Jesse Wright is a freelance reporter for Pioneer Press.

Read More: Burr Ridge proposed 2023-24 budget likely sees lower taxes

2022-10-31 15:28:13

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